Nearly Half of Prospective Home Sellers Optimistic About Getting Asking Price, Realtor.com Says
Nearly half of prospective home sellers are confident they can get their asking price this spring, News Corp.'s (NWS, NWSA) Realtor.com said Tuesday.A survey by the online real estate portal showed that 46% of potential sellers expect to meet buyers at their asking price. Some 37% expect to receive higher prices.More than two-thirds, or 74%, believe now is a good time to sell amid strong home values, limited inventory and stabilizing interest rates, Realtor.com said."Sellers this spring are entering the market clear-eyed," Laura Eddy, vice president of research and insights at Realtor.com, said. "They understand their home has value, and they're motivated to act, but they're also more attuned to the reality that buyers have regained some footing."The survey showed that 75% of potential sellers expect their homes to sell within four months, including 27% who are optimistic about selling within one to two months, according to the Realtor.com report. The typical home spends 57 days on market."Yet beneath that confidence lies a more nuanced picture: concession expectations are rising, and sellers' reads on market conditions vary sharply by region," Realtor.com Senior Economic Research Analyst Hannah Jones said. "The spring window is open, but the seller experience depends heavily on where a home is listed and how it's priced."Price: $28.90, Change: $+0.07, Percent Change: +0.23%
